Property Overview: 198 Chalmers Avenue
Key Characteristics & Appeal
This is a substantial, character-filled home built in 1911, offering a rare combination of generous interior space and a manageable lot size. Its primary appeal lies in its impressive 1,619 sqft of living area, which ranks in the top 3% for the Chalmers neighbourhood, providing ample room for a growing family or those who value spacious older layouts. The home features a renovated basement and a detached garage. While the land parcel is modest for the area, this translates to less exterior maintenance. The assessed value is notably below the citywide average, suggesting potential value relative to the amount of interior space offered.
This property would best suit a buyer looking for a "right-sized" character home—one that prioritizes indoor square footage and historic charm over a large yard. It’s a practical choice for those who appreciate the established streets of Chalmers but want a home that feels larger inside than it appears from the street. The recent renovation of the basement adds modern functionality to the classic structure.
Frequently Asked Questions
Q: How does the home’s age affect its condition and costs?
A: Built in 1911, it is older than most homes in the city. While this brings character, prospective buyers should budget for potential updates to older mechanical systems, windows, or the roof, and are encouraged to get a thorough inspection.
Q: The assessed value seems low compared to the sale price. Why is that?
A: Municipal assessed value for tax purposes often lags behind market value and is calculated using a specific formula. The 2016 sale price of $230k is a more accurate reflection of its recent market value.
Q: Is the detached garage a standard size, and what is its condition?
A: The listing confirms a detached garage but does not specify its dimensions or condition. This would be an important point to clarify during a viewing.
Q: The living area is large, but how is the layout configured?
A: As a "Two & 1/2 Storey" design, the space is spread over multiple floors. Understanding the room sizes and flow on each level (including the renovated basement) is key to evaluating if the layout suits your needs.
Q: The land area is below average for the street. Is there still usable outdoor space?
A: With a 3,383 sqft lot, private outdoor space will be compact. The appeal here is efficient use of the property, focusing on the home itself rather than extensive grounds.